jurelmartin
Newbie
Offline
Activity: 91
Merit: 0
|
|
May 11, 2018, 12:34:15 AM |
|
After surfing through the good side of BItcoin I was asked to give reasons why bitcoin won't last by a friend I searched through the web and found the following
1: Exposure to Bitcoin-Specific Scams and Fraud. 2: Black Market Activity May Damage Reputation and Usefulness. 3: Susceptible to High Price Volatility. 4: No Chargebacks or Refunds. 5: Potential to Be Replaced by Superior Cryptocurrency. 6:Environmental Ills of Bitcoin Mining. 7: Bitcoins Are Not Widely Accepted. 8: Wallets Can Be Lost. 9: Risk of Unknown Technical Flaws 10: No Physical Form
Guess what non of those mentioned above was big enough to discourage my friend from joining Cryptocurrency (buying bitcoin).
Which of the following disadvantages are you afraid of and how do you think it can be resolved
Probably the potential of being replaced by another crypto currency, because we all know there are people out there finding a way that can beat bitcoin
|
|
|
|
|
|
|
|
|
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
drmilind2004
Member
Offline
Activity: 280
Merit: 28
|
|
May 11, 2018, 12:38:39 AM |
|
Probably the potential of being replaced by another crypto currency, because we all know there are people out there finding a way that can beat bitcoin
Actually, Ethereum has a (better?) construct of Smart Contracts on the Blockchain; but, it hasn't upstaged Bitcoin so far.
|
|
|
|
laserfocused
|
|
May 11, 2018, 01:57:59 AM |
|
After surfing through the good side of BItcoin I was asked to give reasons why bitcoin won't last by a friend I searched through the web and found the following
1: Exposure to Bitcoin-Specific Scams and Fraud. 2: Black Market Activity May Damage Reputation and Usefulness. 3: Susceptible to High Price Volatility. 4: No Chargebacks or Refunds. 5: Potential to Be Replaced by Superior Cryptocurrency. 6:Environmental Ills of Bitcoin Mining. 7: Bitcoins Are Not Widely Accepted. 8: Wallets Can Be Lost. 9: Risk of Unknown Technical Flaws 10: No Physical Form
Guess what non of those mentioned above was big enough to discourage my friend from joining Cryptocurrency (buying bitcoin).
Which of the following disadvantages are you afraid of and how do you think it can be resolved
With any early investing, there is a lot of risks involved. I do believe in the future Bitcoin or cryptocurrency overall will become safer.
|
|
|
|
Omega Weapon
|
|
May 12, 2018, 10:22:25 PM |
|
After surfing through the good side of BItcoin I was asked to give reasons why bitcoin won't last by a friend I searched through the web and found the following
1: Exposure to Bitcoin-Specific Scams and Fraud. 2: Black Market Activity May Damage Reputation and Usefulness. 3: Susceptible to High Price Volatility. 4: No Chargebacks or Refunds. 5: Potential to Be Replaced by Superior Cryptocurrency. 6:Environmental Ills of Bitcoin Mining. 7: Bitcoins Are Not Widely Accepted. 8: Wallets Can Be Lost. 9: Risk of Unknown Technical Flaws 10: No Physical Form
Guess what non of those mentioned above was big enough to discourage my friend from joining Cryptocurrency (buying bitcoin).
Which of the following disadvantages are you afraid of and how do you think it can be resolved
The biggest disadvantage of bitcoin is its price, we do not have any kind of control over it but people see the high price of bitcoin and they prefer not to invest in it, and I cannot blame them even if I have a very strong faith in bitcoin I'm not so sure that I would like to invest with the price so high, I was lucky to enter the market when the price was below 1000.
|
|
|
|
hitrawal91
Full Member
Offline
Activity: 462
Merit: 101
BitcoinSN - The Real Bitcoin!!!
|
|
May 13, 2018, 06:46:18 PM |
|
There are many other reasons apart from your key points listed above. The major reason is banning of bitcoin from the particular countries government and other reputed organizations and big corporates and also using the bitcoin for dealing in drugs and illegal activities and using bitcoin in terrorism, criminal and other fraudulent activities. I think Bitcoin can last for the long term if all these things can be limited or totally blocked inside the Crypto Ecosystem through some means of regulations and conditions.
|
|
|
|
ladydark
|
|
May 13, 2018, 11:29:38 PM |
|
After surfing through the good side of BItcoin I was asked to give reasons why bitcoin won't last by a friend I searched through the web and found the following
1: Exposure to Bitcoin-Specific Scams and Fraud. 2: Black Market Activity May Damage Reputation and Usefulness. 3: Susceptible to High Price Volatility. 4: No Chargebacks or Refunds. 5: Potential to Be Replaced by Superior Cryptocurrency. 6:Environmental Ills of Bitcoin Mining. 7: Bitcoins Are Not Widely Accepted. 8: Wallets Can Be Lost. 9: Risk of Unknown Technical Flaws 10: No Physical Form
Guess what non of those mentioned above was big enough to discourage my friend from joining Cryptocurrency (buying bitcoin).
Which of the following disadvantages are you afraid of and how do you think it can be resolved
You could add Quantum computers as one more reason as Its said that they would be able to read private keys from the public key of a wallet itself.
|
|
|
|
Rage
Member
Offline
Activity: 124
Merit: 10
|
|
May 21, 2018, 10:24:39 PM |
|
That is totally false, bitcoin is going to be in here for more than years. Frauds? FIAT money is used for fraud purposes too, whoever has access to money, can scam, and this is nothing new at all.
And media exposure? Advertising is always good, and it doesn't matter if it is good or bad at all.
|
|
|
|
Dudeperfect
|
|
May 22, 2018, 05:24:46 PM |
|
Bitcoin has grown so big now that Bitcoin is the only thing that could destroy itself. However, as we all know that Bitcoin is based on the blockchain technology which relies on the principle of decentralization. There is a distribution of responsibilities too and as of now, we don't have that maturity to use it on a mass level so it is causing a trouble. However, down the road, I am optimistic about the growth of cryptocurrencies and let's hope a positive growth down the road.
|
|
|
|
Paul karet
Newbie
Offline
Activity: 77
Merit: 0
|
|
May 22, 2018, 05:36:39 PM |
|
Despite the many obstacles and challenges to bitcoin, I remain confident that bitcoin will persist.
|
|
|
|
surfinonmyownwavebaby
Full Member
Offline
Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
|
|
May 22, 2018, 05:51:01 PM |
|
The only real threat I see on that list is #5. And even then that happening would take beyond 5 years at this point if not 10 to usurp Bitcoin from the top spot. I welcome currencies that can rival Bitcoin but given everything we know about the network and how the security is setup, I simply don't envision that happening.
|
|
|
|
freesia_pnp888
Newbie
Offline
Activity: 112
Merit: 0
|
|
May 24, 2018, 12:54:07 PM |
|
no refunds concerns me alot, like nooooooooo
|
|
|
|
bering
Legendary
Offline
Activity: 2758
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
|
|
May 24, 2018, 01:01:49 PM |
|
those reason mentioned by OP indeed makes sense but i personally not too fear about those things because such as number 3 and 7 that currently this is already happened but bitcoin still exist until now even more popular and i considers all of related to money have their own risk and i realize i have to facing those risk however my biggest fear besides all of it is if my government banned bitcoin and use bitcoin will against the law
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
-Sinner-
Jr. Member
Offline
Activity: 224
Merit: 9
|
|
May 24, 2018, 01:11:08 PM |
|
After surfing through the good side of BItcoin I was asked to give reasons why bitcoin won't last by a friend I searched through the web and found the following
1: Exposure to Bitcoin-Specific Scams and Fraud. 2: Black Market Activity May Damage Reputation and Usefulness. 3: Susceptible to High Price Volatility. 4: No Chargebacks or Refunds. 5: Potential to Be Replaced by Superior Cryptocurrency. 6:Environmental Ills of Bitcoin Mining. 7: Bitcoins Are Not Widely Accepted. 8: Wallets Can Be Lost. 9: Risk of Unknown Technical Flaws 10: No Physical Form
Guess what non of those mentioned above was big enough to discourage my friend from joining Cryptocurrency (buying bitcoin).
Which of the following disadvantages are you afraid of and how do you think it can be resolved
1- just bad advertising 2- black market? what about dollars? 3- good, more traders and more volume! 4- not even with many physical stores 5- true, but no other crypto will have this kind of community 6- true 7- not yet 8- also normal wallets can be lost in street, metro, train.. so we need to ban dollars? 9- if it is unknows, it is not a reason yet 10- physical is bad And by the way depend how would you use bitcoins.. it is not necessary a coin, but just a store of value, like gold.. 8-
|
SHIPIT - Send packages. No couriers. Just people. (https://token.shipit.me/?utm_source=bitcointalk&utm_medium=signature)
|
|
|
pencuri hati
Newbie
Offline
Activity: 106
Merit: 0
|
|
May 24, 2018, 01:15:08 PM |
|
for me, in addition to the above important things I fear is a ban that comes from the government because it relates to the law. if we continue to violate criminal law will act. that's what I fear.
|
|
|
|
Dorcolac
Newbie
Offline
Activity: 22
Merit: 0
|
|
May 24, 2018, 01:26:52 PM |
|
I fully understand your arguments, but the point is that some countries are stepping away from cash as a form. Look at Estonia, 98% of their money transactions are online. 98% Also, crypto has a powerful ally here and that is blockchain. When blockchain reaches a certain level of use worldwide then we will see how cryptos are not important. Joke aside, blockchain makes a difference.
|
|
|
|
Roni116
Jr. Member
Offline
Activity: 269
Merit: 1
Soil.co - Earn USDT/USDC
|
|
May 24, 2018, 01:46:32 PM |
|
After surfing through the good side of BItcoin I was asked to give reasons why bitcoin won't last by a friend I searched through the web and found the following
1: Exposure to Bitcoin-Specific Scams and Fraud. 2: Black Market Activity May Damage Reputation and Usefulness. 3: Susceptible to High Price Volatility. 4: No Chargebacks or Refunds. 5: Potential to Be Replaced by Superior Cryptocurrency. 6:Environmental Ills of Bitcoin Mining. 7: Bitcoins Are Not Widely Accepted. 8: Wallets Can Be Lost. 9: Risk of Unknown Technical Flaws 10: No Physical Form
Guess what non of those mentioned above was big enough to discourage my friend from joining Cryptocurrency (buying bitcoin).
Which of the following disadvantages are you afraid of and how do you think it can be resolved
But beyond what you mentioned above, bitcoin provides convenience and also benefits that can be felt in real way. I think bitcoin can survive and in the future bitcoin will be used by many people.
|
[ Soil.co ] ───────────[ Earn USDT/USDC | Up to 14% Passive Income ]───────────
|
|
|
Activitycoin
|
|
May 24, 2018, 10:53:45 PM |
|
After surfing through the good side of BItcoin I was asked to give reasons why bitcoin won't last by a friend I searched through the web and found the following
1: Exposure to Bitcoin-Specific Scams and Fraud. 2: Black Market Activity May Damage Reputation and Usefulness. 3: Susceptible to High Price Volatility. 4: No Chargebacks or Refunds. 5: Potential to Be Replaced by Superior Cryptocurrency. 6:Environmental Ills of Bitcoin Mining. 7: Bitcoins Are Not Widely Accepted. 8: Wallets Can Be Lost. 9: Risk of Unknown Technical Flaws 10: No Physical Form
Guess what non of those mentioned above was big enough to discourage my friend from joining Cryptocurrency (buying bitcoin).
Which of the following disadvantages are you afraid of and how do you think it can be resolved
But beyond what you mentioned above, bitcoin provides convenience and also benefits that can be felt in real way. I think bitcoin can survive and in the future bitcoin will be used by many people. Bitcoin is full of benefits for us and it gives us many benefits which help us to live a better life than before, as long ago people were not having more than one source of income but now bitcoin help us earn more profit even along without real job, bitcoin is future maker and it has made a lot of people rich in real life and help us to make our life better with fast and safe income, so I think as more and more people are investing in bitcoin it will remain the same high value currency forever it is ever green currency.
|
|
|
|
Jose Rizal
|
|
May 24, 2018, 10:58:09 PM |
|
the big danger for me is ban by the government... That's true and the fact that Bitcoin is allegedly limited in numbers nowadays, I guess we should now work really hard since we have a limited numbers already every second most of it was mine by the richest people. Also the fact that you're roght banning of the government for this platform to run fears me, I dont have any speculations that it will happen soon or when.
|
|
|
|
soul-impact
|
|
May 24, 2018, 11:14:21 PM |
|
People are afraid that bitcoin will not be lasting because it is virtual money. Bitcoin is not accepted in many countries. Bitcoin prices always fluctuate. There is no government that protects bitcoin.
|
|
|
|
Addywealth
Jr. Member
Offline
Activity: 294
Merit: 1
|
|
May 24, 2018, 11:17:30 PM |
|
I disagree with you, bitcoin will last longer than expected and it will thrive in the financial market. this currency have withstood the time of trial in time past and it never crashed and today still doing well.
|
|
|
|
|